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| Price | ▲ 0.31% | ▼ 0.17% | ▲ 0.11% | ▼ 0.53% |
| Energy | ▲ 2.8 | ▼ 9.2 | ▲ 5.6 | ▼ 48.4 |
Trend of Neutral GBPJPY Daily
▸When GBPJPY is in Neutral:
- then GBPJPY moved to higher Market State: 317 times — 54.4%
- then GBPJPY moved to lower Market State: 266 times — 45.6%
▸Current GBPJPY market energy: 9.77%
- Distance to upper bound of Neutral (at 20.88%): 11.11%
- Distance to lower bound of Neutral (at -20.88%): 30.65%
"To truly understand anything, study its history" — 2AITRADING
After the system processes the Daily candle, GBPJPY shows the Bull/Bear balanced energy zone.
Looking at the Market Energy reading, Market Energy reading dropped -42.8%, moving from 52.6% to 9.8% after the Daily candle.
Time in Neutral energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, GBPJPY Market Energy ranged from +9.8 to +61.8.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did GBPJPY price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 17-08-2020 closed, GBPJPY was at 138.912, down 0.53% from the previous candle (139.65). Market Energy was 9.8%, down 48.4 points from 58.2%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did GBPJPY price move on this Daily candle, and how large is that historically?
GBPJPY closed at 138.912, down 0.53% from the previous Daily candle (139.65). This drop is larger than 71% of past drops on the Daily timeframe for GBPJPY, across 510 candles since 2019.
How did GBPJPY Market Energy change from the previous candle?
Market Energy fell 48.4 percentage points from the previous candle — from 58.2% to 9.8%. This drop is larger than 89% of past drops on the Daily timeframe for GBPJPY.
Do GBPJPY price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was GBPJPY in on the previous Daily candle?
The previous Daily candle had GBPJPY at 58.2%, Bull Bias — when this candle closed, GBPJPY moved down to a lower zone: Bull Bias → Neutral.
Where does GBPJPY energy sit within the Neutral zone?
At 9.8%, GBPJPY is 11.11 points from the upper boundary of Neutral (20.88%) and 30.65 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 23.6%; GER40 (European equities) in Bear Bias with energy -29.1%. Against this backdrop, GBPJPY (Neutral, 9.8%) has higher energy than GER40; lower than SPX500.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Bias with Market Energy -52.5%. GBPJPY energy is currently above DXY by 62.3 points.
See the real-time energy chart for GBPJPY.
Open Energy ChartSee the full 2AiTrading Model data for GBPJPY on the GBPJPY overview →
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